Monarch Partners Asset Management LLC increased its holdings in shares of AquaVenture Holdings Ltd (NYSE:WAAS) by 530.3% during the fourth quarter, Holdings Channel reports. The fund owned 256,294 shares of the company’s stock after buying an additional 215,629 shares during the period. Monarch Partners Asset Management LLC’s holdings in AquaVenture were worth $4,841,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in AquaVenture by 42.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,000 shares of the company’s stock worth $170,000 after purchasing an additional 2,700 shares during the period. Teton Advisors Inc. raised its stake in AquaVenture by 16.0% during the fourth quarter. Teton Advisors Inc. now owns 14,500 shares of the company’s stock worth $274,000 after purchasing an additional 2,000 shares during the period. Mycio Wealth Partners LLC purchased a new position in AquaVenture during the third quarter worth about $280,000. Rhumbline Advisers raised its stake in AquaVenture by 44.1% during the fourth quarter. Rhumbline Advisers now owns 15,431 shares of the company’s stock worth $291,000 after purchasing an additional 4,719 shares during the period. Finally, FMR LLC raised its stake in AquaVenture by 76.8% during the third quarter. FMR LLC now owns 27,629 shares of the company’s stock worth $499,000 after purchasing an additional 12,001 shares during the period. Hedge funds and other institutional investors own 33.89% of the company’s stock.
A number of research firms have recently issued reports on WAAS. Zacks Investment Research raised shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Saturday, January 12th. JMP Securities set a $30.00 price target on shares of AquaVenture and gave the company a “buy” rating in a research note on Thursday, November 8th. B. Riley boosted their price target on shares of AquaVenture from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, November 8th. Lake Street Capital boosted their price target on shares of AquaVenture to $34.00 and gave the company a “buy” rating in a research note on Wednesday, December 19th. Finally, Royal Bank of Canada boosted their price target on shares of AquaVenture from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, November 5th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.75.
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AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.
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